LONDON - Hybrid
Salary Negotiable
Junior Trader
You will be working in the Metals Trading Division of a Global Trading Company.
They trade Iron Ore, Metallic, Met Coal and Met Coke
The main purpose of Junior Trader is to maintain the existing business of Met Coke Trading business as well as to develop the iron ore business and maximize global trading profit.
DUTIES AND RESPONSIBILITIES
- Trading and Trade Administration
- Maintain existing business and expand the trading.
- Maintain relationships with existing suppliers/customers/brokers.
- Ensure smooth operations in accordance with the contract.
- Support other offices creating/amending contracts.
- Create new form/structure of trading including tolling, STF, etc.
- Capture and bridge trading opportunities.
- Analyze and manage risks (market, credit, legal, tax, etc.).
- Develop business of other ferrous raw materials (e.g., iron ore, coal) in collaboration with other traders.
- Regularly check reports/publications/announcements, analyze, make presentations if required, and share such information with people concerned.
- Liaise with Risk Management Department (RMD) / Middle Office and proactively monitor credit risk among suppliers/customers by continuously having direct communication with their management.
- Prepare credit line applications liaising with RMD and Middle Office.
- Monitor Sales/Purchase credit lines and warehouse credit lines to avoid exceeding limits.
- Support Middle Office
- Follow up overdue payments liaising with Back Office.
Contract Management
- Liaise with LCD/Middle Office upon drafting/negotiating contracts.
- Prepare various types of contractual documents, including guarantee agreements, consignment agreements, notation agreements, termination agreements, etc.
- Check the language of parent/bank guarantee and monitor expiry of such parent/bank guarantee.
- Compile supporting records/documents required for internal control procedures..
Compliances
- Ensure all activities comply with all corporate internal rule/policies/guidelines.
- Ensure all relevant regulations, laws and taxes are adhered to and met.
- Liaise with Corporate departments and resolve various issued related to Anti-money Laundering
- including Know Your Customer(KYC), Security Trade control, Reach, AEO, VAT&TAX and Accounting.
ESSENTIAL
- Experience and understanding of working within commodities, preferably ferrous raw materials.
- Front office experience, preferably to include trading.
- Advanced analytical and numerical competency.
- Strong multi-tasking skills and able to priorities tasks.
- Team player who is also able to work independently without direct supervision.
- Professional written and verbal English language skills.
- Manages multiple work tasks within deadlines and to required standard.
- High standard of accuracy and attention to detail.
- Microsoft office skills to intermediate level.
- Educated to degree level in a relevant subject.
DESIRABLE
- Network in Ferrous raw materials industry.
- Knowledge of financing transactions.
- Knowledge of warehouse operation and logistic operation
- Experience of issuing/checking contracts and trading documentation.
- Experience in FRM trading including hedging.